$669,900
For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
5 Baths
1,306 SqFt
SOLD DATE : 11/10/2025
Key Details
Property Type Multi-Family
Sub Type Multi-4 Unit
Listing Status Sold
Purchase Type For Sale
Square Footage 1,306 sqft
Price per Sqft $503
MLS Listing ID 40778135
Sold Date 11/10/25
Bedrooms 7
Abv Grd Liv Area 1,983
Year Built 1951
Annual Tax Amount $3,085
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Multi-4 Unit
Source Cornerstone
Property Description
This legal triplex with rental license in place is larger than it appears with big addition in the back and walk-out basement entrances, which features a bonus fourth suite. The main floor unit features 4 beds and 2 full baths, projected to be rented for $2575/month. The upper 1 bed and 1 bath unit is rented for $1295/month. The downstairs rear walk-out unit is rented for $1500/month and the other side access walk up basement suite is projected to be rented for $1300/month . This brings the cumulative rent to $6670/month. The very low property taxes ($241/month) grandfathered also helps with a projected Cap Rate of 8.6%+, projected net operating income (NOI) of over $60,000 annually. Over $150,000 was invested during the current ownership, with extensive upgrades on everything from brand new 200 amp electric panel, new flooring, interconnected fire separations, quartz countertops, tiled showers, upgarded HVAC with vents in all 5 bathrooms, cosmetic improvements of 2 bathrooms, and 3 completely renovated bathrooms. Property features triple wide driveway with room for a fourth car to park in tandem; offering an independent parking spot for each unit. The greenspace of the oversized deep backyard, features many mature trees and is fully fenced in. Energy efficient upgrades were also carried out, including a smart thermostat install and a new Central AC unit being added in 2025. Fire and safety improvements include sprinklers, egress windows, and fire doors. Manor Park, which is Old South adjacent is an excellent community, with direct transit access, great green spaces including Eustace Park/The Coves, and ample ammenities. This location is one bus to Western University, Fanshawe College, White Oaks Mall, Masonville Mall, Victoria Hospital, University Hospital and Downtown London.
Location
Province ON
County Middlesex
Area South
Zoning R1-4
Direction WHARNCLIFFE RD SOUTH TO EMERY STREET WEST. THE PROPERTY IS LOCATED ON THE NORTH SIDE OF EMERY STREET WEST BETWEEN WINSTON AVE AND HIGHWOOD AVE.
Rooms
Basement Separate Entrance, Walk-Out Access, Walk-Up Access, Other, Full, Finished
Kitchen 0
Interior
Interior Features Accessory Apartment, Upgraded Insulation, Other
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No
Appliance Hot Water Tank Owned, Dishwasher, Dryer, Refrigerator, Stove, Washer
Laundry None
Exterior
Exterior Feature Awning(s), Private Entrance, Year Round Living
Parking Features Asphalt
Fence Full
Roof Type Asphalt Shing,Shingle
Street Surface Paved
Porch Deck, Patio, Porch
Lot Frontage 35.05
Lot Depth 137.16
Garage No
Building
Lot Description Rectangular, Ample Parking, Dog Park, Hospital, Major Anchor, Open Spaces, Park, Place of Worship, Playground Nearby, Public Transit, Quiet Area, Rec./Community Centre, School Bus Route, Schools, Shopping Nearby, Trails, Other
Faces WHARNCLIFFE RD SOUTH TO EMERY STREET WEST. THE PROPERTY IS LOCATED ON THE NORTH SIDE OF EMERY STREET WEST BETWEEN WINSTON AVE AND HIGHWOOD AVE.
Story 1
Foundation Concrete Block, Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 1
Structure Type Aluminum Siding
New Construction No
Schools
Elementary Schools Woodland Heights Public School, St. Martin Catholic Elementary School
High Schools Westminster Secondary School, Catholic Central High School
Others
Senior Community false
Tax ID 083940559
Ownership Freehold/None
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
GET MORE INFORMATION